QUESTION 3

3.a) What are Multinational Companies (MNCs) and why it is said that they hold 'best practices' and 'state of the art' technological and organisational knowledge? (5 points). 3.b) Let's assume that you are the manager of a local company in your own country aiming at supplying goods and services to MNCs. What strategies would you introduce in order to maximise the benefits of partnering with MNC subsidiaries? Please explain fully. (7 points) 3.c) In a second scenario, assume you are the manager of a domestic rival company aiming at competing with MNCs. What processes and steps would you take to compete and remain in the market? (6 points). 3.d) In a third scenario, you are a policy advisor of the national government in your country. What actions and policies would you implement in order to create facilitating environment for MNCs and to increase the potential to gain technological knowledge? Why? (7 points).